Cape Racing Sales have launched a new bonus structure and other innovations.
Cape Racing Sales: Smashing Bonuses To Breeders, Buyers, Pinhookers.
Cape Racing Sales (CRS) have launched a new Bonus Structure and an innovative Pinhooking Programme to make the sale and acquisition of thoroughbred bloodstock more convenient, enjoyable and ultimately more rewarding for vendors and buyers.
The CRS Bonus Initiative: After their scheduled renewals later this year, the sales races attached to June’s CRS Winter Sale and October’s Ready To Run Sale will fall away. They will be replaced by juvenile bonus incentives for all graduates. From the 2023 June Winter Sale onwards, bonuses of R100,000 will be paid for the first juvenile win of ANY race, and this will be payable not only in Juvenile races, but with wider reach to include open Maiden races won by juveniles.
The bonuses will be limited to the first 40 juvenile winners and Justin Vermaak, Racing Operations and Bloodstock Executive for Cape Racing, explained: “We are returning R4-million in cash bonuses to our valued clients over 40 races, which we feel is an adequate number of races considering the number of horses we generally sell over three sales. We’d like the connections of all juvenile winners to get paid out.”
He added: “CRS is committed to making our various sales auctions as compelling as possible to breeders from our sales region and others from around the country. To this end, the bonuses will be implemented alongside two further, gainful incentives, namely a reduction of the breeders commission from 8% down to the current 5%, as well as a 25% share of the bonuses paid – R75,000 will be paid to the winning owner and R25,000 to the winning vendor.”
While graduates of the 2023 CRS January Premier Sale won’t qualify for the first series of bonuses, they do qualify for the inaugural Cape Sales Slipper, and from the 2024 Premier Sale onwards will qualify for both. Vermaak said: “The ‘Slipper’ will be our Sales Race. The Premier Sale will be a go-to for breeders with high quality forward types and we will be positioning it as such.”
The CRS Pinhooking Programme:
Pinhooking at sales is growing fast in popularity because it requires seasoned thoroughbred selecting skills and hence presents opportunities for handsome profits with no unusual risks. The CRS Pinhooking Programme entails the introducing of a pinhooking “assistance” incentive to help drive the June and October RTR sales. The programme will allow approved applicants to get an authorised budget from CRS. This will make it possible for the pinhookers to “purchase” a horse/s at the June sale, while only paying for them AFTER selling at the RTR sale in October. In effect, this extends approved pinhookers a line of credit and the benefit of cash flow to keep their purchase at a good pre-training facility. Potential pinhooking prospectors must apply through Cape Racing Sales to participate in the scheme. Upon approval, they’ll be afforded a credit limit to purchase horses accordingly.
Vermaak stressed that vendors will be paid out timeously for their horses that are bought by pinhookers. He said: “Vendors who sell to pinhookers will be paid out the full amounts owed to them within the standard CRS terms, so there is absolutely no reason for concern. It is mandatory for pinhooked horses to be entered for re-selling on the RTR Auction and entry will be free. Upon the selling of the pinhooked horse at the RTR sale, the pinhooker will have his or her outstanding balance deducted from their sales proceeds. Balances will be paid out on schedule.”
He noted that further details, like proof of insurance cover, will be required, but that will be kept for direct communication with applicants.
Go to www.caperacingsales.co.za/sale/2023-mws/ to view the catalogue.
For sale related queries, please contact:
Justin Vermaak (justin@caperacing.co.za)
or Robyn Collyer (robyn@caperacing.co.za)
ENDS.
One Way Traffic saunters home in the Gr 2 Vodacom 2200 last year (Candiese Lenferna).
Will The Lonsdale Be One Way Traffic?
The Justin Snaith-trained One Way Traffic will be looking to book his place in the Gr 1 Hollywoodbets Durban July with victory in the Gr 3 Lonsdale Stirrup Cup, although winners of this race are not assured of a place in the big one.
Japanese Oaks winner Liberty Island (Photo: Yuki Shimono)
Japanese Sensation Liberty Island Traces Back To Late SA-Based Stallion
A three-year-old filly called Liberty Island is the latest sensation in Japan and looks to be on her way to the fillies Triple crown.
Her fourth dam Condessa was by the French stallion Condorcet, who stood in South Africa.
Condorcet produced ten stakes winners, although seven were at Listed level, two at Gr 3 level and one at Gr 2 level.
His best contribution to SA bloodstock was probably as the broodmare sire of Clock The Rock, the dam of Equus Horse Of The Year Irish Flame.
However, there is nothing ordinary about Liberty Island, who is fast becoming the biggest Japanese heroine since Almond Eye.
TDN wrote below about her Japanese Oaks win.
By Heather Anderson (TDN)
Fakhama winning on debut at Newbury (Shadwell Stud twitter)
Majmu’s Daughter Entered In Royal Ascot Group 1
Mike de Kock trained the classy Redoute’s Choice female Majmu to two Gr 1 victories, the Cape Fillies Guineas and the Empress Club Stakes, and she was Equus Champioin two-year-old filly too.
Her owners Shadwell have gone on to breed with her in Britain.
The youngest of her four runners to date is the William Haggas-trained Kingman filly, Fakhama, who is grey like her mother.
She made a smart debut over seven furlong at Newbury on April 21, winning by 2,25 lengths.
She then started 12/1 in a Listed race at York over a mile and was beaten three lengths into fourth, but it did not pan out too well and she looks to have plenty of scope for improvement.
CLICK HERE TO WATCH THE REPLAY
Fakhama has been entered in the Group 1 Coronation Stakes over a mile at the Royal Ascot meeting, although there are 56 entries and the field is limited to 20.
Majmu’s second foal by Dubawi, the now five-year-old gelding Mujtaba, trained by William Haggas, has a fine wins to runs ratio.
He has made it to the racecourse nine times and has won five of those and finished second in one other start.
He was unbeaten in three starts as a three-year-old and consequently in his first start as a four-year-old he started 3/1 favourite for the Lincoln Heritage Handicap, the feature race over a mile at Doncaster at the traditional opening flat meeting of every new season.
He was beaten five lengths into 12th and ran below par next time out too, but he did have two wins later in the season in September and October.
This season he started off in his first shot at a stakes race, the Group 2 Huxley Stakes over a mile-and-two-and-a-half furlongs at Chester on 12 May.
He ran on in the short straight from last in a small six horse field for a neck second under Jim Crowley.
Mujtaba has not been entered for any other races yet.
Lyle Hewitson happy after his double (HKJC.COM)
Hewitson Double Increases Tally To 38
Lyle Hewitson reached 38 wins for the season in Hong Kong when riding a double at Happy Valley on Wednesday.
He is in joint fifth place on the Hong log and has stakes earnings of a cool HK$52,209,300.
His first win on Wednesday was in a class 4 handicap over 1650m on the Francis Lui-trained Holy Roman Emperor seven-year-old gelding London Luckystar.
It was London Luckystar’s second win on the trot and fifth win this season, although Hewitson’s only previous ride on him was last season when fifth over 1400m in a class 5 event.
Hewitson rousted to get to the front before the turn and had to roust extra hard as they entered the turn to ensure he was far enough ahead to cut across to the rail.
However, that exertion did not take its toll on London Luckystar because in the straight he kicked ahead and gained an unassailable lead, winning in the end by 2,25 lengths.
Lyle’s second win on Wednesday was in a class 3 handicap over 1200m on the Jimmy Ting-trained Choisir five-year-old gelding Magic Phoenix.
He jumped best of all from draw 5, but was content to sit tight as a horse on his inside and outside drove for a joint lead.
Hewitson was able to then get the rail just before the turn and followed the leader into the straight before switching out to take the lead.
His mount only just held on from a flying Wonder Kit.
It was Hewitson’s third ride on Magic Phoenix and he had previously had a third place on him.
Quality Woolavington 2000 Is Wide Open
Hukum makes triumphant comeback as Derby hero Desert Crown is beaten
Desert Crown drifted to 14-1 (from 8) with Betfair Sportsbook for the Prix de l’Arc de Triomphe following his shock turnover, while Hukum was cut to 14-1 (from 25) with the same firm for the Longchamp showpiece on October 1.
Philasande Mxoli clinched a double for himself and Paul Matchett when Funky Music (Capetown Noir) won today’s 8th race over 1600m (JC Photos).
Mxoli/Matchett Double, Botes/Vosloo, Lerena Doubles
Philasande Mxoli rode a double for Paul Matchett today on the Vaal straight course.
Gavin Lerena also had a double and so did the Barend Botes and Yolandi Vosloo yard.
Mxoli goes to 37 wins for the season at a strike rate of 9,25%.
Lerena is on 76 wins at 15.32%.
Matchett reached the half-century mark today and is now on 51 wins for the season at 13.39%.
Botes/Vosloo are on 19 wins at 8.33%.
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Today’s Question
Answer at bottom of the newsletter
Hyperion (wikipedia)
Hyperion (18 April 1930 – 9 December 1960) was a British-bred Thoroughbred, a dual classic winner and an outstanding sire. Owned by Edward Stanley, 17th Earl of Derby, Hyperion won GBP £29,509 during his racing career—a considerable sum at the time. His victories included the Epsom Derby and St Leger Stakes. He was the most successful British-bred sire of the 20th century and the champion sire in Great Britain six times between 1940 and 1954.
Hyperion was by the good sire Gainsborough, who was one of three wartime Triple Crown winners in Great Britain. His dam, Selene, was by Chaucer, a talented son of the undefeated St. Simon. Selene was also the dam of such good sires as Sickle (GB) (sireline ancestor of Native Dancer and Sea Bird), Pharamond (US), and Hunter’s Moon (GB). Hyperion was inbred in the third and fourth generation to St. Simon, and was trained by George Lambton at Newmarket. Hyperion, who stood just 15.1 hands high, was one of the smallest horses to ever win a British Classic, but had a good action and a beautiful temperament.
He is one of the most thoroughbreds in British history and this partly stemmed from his size which procured him immense popularity in his racing days.
His owner Lord Derby “retired” George Lambton after Hyperion’s three-year-old season, much to the latter’s resentment and he carried on training for other patrons.
However, Hyperion’s new trainer Colledge Leader apparently underestimated the small horse’s need for and capacity for work and he consequentky went to Royal Ascot only half-fit for the Gold Cup and was beaten into third.
Hyperion only ran once more and was beaten a short-head in a two horse race.
Hyperion Fun facts:
- Hyperion was named for one of the Titans of Greek mythology, the father of the sun god Helios, the moon goddess Selene and the dawn goddess Eos.
- As a youngster, Hyperion was known as “Hippie” to Lord Derby’s stable staff.
- An extremely curious horse, Hyperion displayed great interest in airplanes, birds and other flying objects.
- Hyperion’s skeleton was displayed at the Animal Health Trust in Newmarket, England, until 2009, when it was moved to the National Horseracing Museum at Newmarket.
- Prior to buying Hyperion’s son Alibhai as a yearling, Louis B. Mayer had offered US$1 million to buy Hyperion from Lord Derby. He was refused with the words, “Even though England be reduced to ashes, Hyperion shall never leave these shores.”
- A statue of Hyperion by sculptor John Skeaping stands in front of the Jockey Club offices at Newmarket.
